Analysis of DAX index in daily and mid-term time frames Due to the failure of the trend line, the market has entered a downward correction and it can continue to decline as long as the price is below 16,000 and below the downward trend line. First support 15100 The second and main support is 14,000
GER40 - 24h expiry The lack of interest is a concern for bulls. Previous support at 15600 now becomes resistance. There is no clear indication that the downward move is coming to an end. Rallies should be capped by yesterday's high. Current prices have reacted from a low of 15327, however, we expect further losses to follow. We look to Sell at 15578 (stop...
The higher degree correction in the DAX can be finished as we took out the wave (W) low. However, the main expectation is that we see some further downside. This downside should be preceded by an upward move as we are close to finishing an ABC structure.
Price is approaching our buy entry at 15347.05, which is a pullback support level, aligning with the 61.8% fibo projection and -27.2% fibo expansion. Our stop loss is at 15156.11, which is a swing low support level, also an area of interest for a bullish reversal since it is the last down move before the break of structures of the previous highs. Take profit is at...
The higher degree correction in the DAX can be finished as we took out the wave (W) low. However, the main expectation is that we see some further downside. This downside should be preceded by an upward move as we probably finished a WXY structure (in red) or we are close to finishing an ABC structure (in green).
The trend will go on as graph. 15448 ia strong support, broken of this point act as waterfall
Dax bounce incoming Tp 15768.. Good luck and safe trade 👍
we have experienced a strong push to the down side this past week, markets are looking more bearish on the upcoming week🐻🐻🐻
Bearish Opportunity Emerging as DAX Forms Bullish ABCD Pattern The long-term trend since 2022 remains downward based on lower highs and lows. However, the short-term trend has turned neutral/flat. Support: 15660 (previous low), Resistance: 16150 (21-day EMA) Moving Averages: Price is trading above the 50, 100 and 200-DMA, indicating a potential trend...
Germany decided to systematically destroy their (and the EU's) economy, in a consistent and spectacular fashion. This is a no-brainer!! (I have been shorting this, with everything I've got, for the past week.) The only thing that kept this thing afloat, so far, is the underlying currency (EUR/USD) push-pull. I believe that is now over and full capitulation is at...
technical view : please pay attention to 15600 level and wait for breaking this level .if this level broken then enter long toward tp's. we see at the moment both wolfe wave pattern and dip-down pattern to form a nice confluence and waiting for 15600 break. fundamental view: A more hawkish Fed policy outlook and the threat of a higher-for-longer Eurozone interest...
As labelled, I'm catching wave C which is target by measuring wave A. The confirmation was the breach of my trend line and the exit of the ABCDE wedge correction however I'm considering position trading this as the length could last for some time. Message me for any questions of requests on charts.
Hello traders! ‼️ This is my perspective on GER30. Technical analysis: As we can here price started to form lower lows and lower highs, this mean we can see bearish market structure. Now I expect a retracement after taking our sell side liquidity, price can go higher to fill the imbalance. Like, comment and subscribe to be in touch with my content!
The DAX index (GER30) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 15565.59 which is a pullback resistance. Stop loss is at 15654.35 which is an overlap resistance that sits above the 50.0% Fibonacci retracement level. Take profit is at 15454.00 which is a recent swing-low support level. ...
DAX / DE40 crossed today under the 1day MA200 for the first time since November 10th 2022. In the meantime it also broke under the wide Channel Up pattern that was holding since the December 20th 2022 Low. This is a critical bearish break out signal and closing a 1day candle under the MA200, confirms the extension to a new Low. Support A is at 15455 (so far a...
DAX (DE40) has been neutral on the 1D time-frame, trading sideways within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) since August 03. We can see two clear Support and Resistance Zones. Today the price is approaching once more the 1D MA200, following yesterday's Fed Rate Decision, so it is a buy opportunity again. Target the bottom of the...
The primary scenario (in green) is now calling for a triangle as a wave (X). We are still missing the E leg before we break down as a wave (Y). The secondary scenario (in red) assumes that wave (X) is in and that we can expect more downside as a wave (Y).